Investment.

Swansea.

Wilko, Singleton Street, SQ1 3QN

Map View

Status.

Sold on 01/04/2017

Price.

£4,000,000

Location.

Swansea, Wales’s second City, is the commercial and administrative centre for South West Wales. The City is located 42 miles (69 km)west of Cardiff, 81 miles (131 km) west of Bristol and 187 miles(301 km) west of London.

Description.

The property is a prominent, attractive building let to Wilko Retail Limited who trade on both Ground and Mezzanine levels as sales(there is a restaurant located on Mezzanine level), while the First Floor is utilised as ancillary and office space. The retail unit has been fitted out by the tenant in their current corporate image.

The property also includes two small retail units fronting the Bus Station, while a section of the Singleton Street frontage acts as the entrance to The Grand Theatre. Both elements are leased back to The Council of the City and County of Swansea on a fully repairing &insuring ‘long lease’ at a peppercorn rental.

Rent.

£347,450.00 per annum exclusive

Tenant(s).

Wilko

Tenure.

Lease

Yield.

8.2% NIY

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson